lower prices and fewer choices for buyers.
lower prices and more choices for buyers.
higher prices and fewer choices for buyers.
higher prices and more choices for buyers.

3.
A popular cell phone manufacturer begins selling a new phone with many unique features. Lots of people want to buy the new phone. The old phone cost $149. What is the most likely price of the new phone? (1 point)

$79
$129
$149
$199

4.
A shopping mall has one kiosk that sells baseball caps. The kiosk charges $14.99 for a cap. Then an identical new kiosk opens nearby that also sells baseball caps. This kiosk charges $9.99 for a baseball cap. On what basis are the two kiosks mostly competing? (1 point)

service
advertising
price
design

5.
Which of the following is not an example of a way in which sellers use non-price competition? (1 point)